Another year, another change in ECPI. To properly understand the 2022 ECPI (Exempt Current Pension Income) changes, we need to start with the changes that took place back in 2017.
Hello and welcome to this month's episode of Ask Lime where we answer your technical questions in relation to SMSFs.This month's question is as follows: “What are Disregarded Small Fund Assets?” And I am real [...]
We get a lot of technical questions from our clients and we’re always very happy to answer them. So we decided to start a new series called “Ask Lime” where you are going to ask us questions and not onl [...]
Actuarial Certificates and ECPI are changing for the 2017/18 year in 4 ways:
The data submitted to Lime (and other actuaries)
The way ECPI is calculated
The way ECPI is applied
Change in [...]
One of the positive by-products of the 2017 superannuation changes, is that we now have complete clarity on what constitutes a segregated fund. For example:
If a fund has only pension assets then the fund is considere [...]
There has been lots of talk in the media about the May 2016 Federal Budget proposed superannuation changes. All the talk centres on 3 changes:
Lifetime Concessional Contribution limit of $500,000
Maximum Pensio [...]
The most common question we are asked is "does my SMSF need an actuarial certificate?".
The best way to start this article is to look at the situations where Actuarial Certificates are certainly not required. If a [...]
Each SMSF can either be run as a segregated or unsegregated fund. Segregated funds hold separate asset pools that are specific to different members or specific to pension versus accumulation balances. Unsegregated funds [...]